Pasadena Community Foundation Awards $20,000 To Local Nonprofits, Benefiting Children This Holiday Season

Pasadena Community Foundation Awards $20,000 To Local Nonprofits, Benefitting Children This Holiday SeasonPasadena Community Foundation Awards $20,000 To Local Nonprofits, Benefitting Children This Holiday SeasonPasadena Community Foundation Awards $20,000 To Local Nonprofits, Benefitting Children This Holiday SeasonPasadena Community Foundation Awards $20,000 To Local Nonprofits, Benefitting Children This Holiday SeasonPasadena Community Foundation Awards $20,000 To Local Nonprofits, Benefitting Children This Holiday SeasonPasadena Community Foundation Awards $20,000 To Local Nonprofits, Benefitting Children This Holiday SeasonPasadena Community Foundation Awards $20,000 To Local Nonprofits, Benefitting Children This Holiday SeasonPasadena Community Foundation Awards $20,000 To Local Nonprofits, Benefitting Children This Holiday SeasonPasadena Community Foundation Awards $20,000 To Local Nonprofits, Benefitting Children This Holiday Season

By BRANDON VILLALOVOS

7:02 pm | November 8, 2017


Over 200 women attended the Pasadena Community Foundation’s Yes, Virginia component fund’s annual Classy & Sassy Boutique and Luncheon Wednesday at the Altadena Town and Country Club, shopping, wining and dining for a cause.

“We raise money, we give grants to nonprofits who have holiday parties, and buy books and toys for children,” said Jennifer Fleming DeVoll, Pasadena Community Foundation President and CEO.

For 23 years, the Yes, Virginia Fund has raised money to support children at the holidays in the Pasadena area and has operated on a unique model that gives away half the money it raises each year and invests the other half in an endowment that will sustain the grant program in perpetuity, according to a press release.

This year alone, the Foundation will give $20,000 away to 12 nonprofits.

“This is a record for us,” said DeVoll.

The Yes, Virginia Fund was named after the famous 1897 editorial published by the New York Sun in which eight-year-old Virginia O’Hanlon wrote to the editor, Frank Church, to ask if there really was a Santa Claus.

Church’s famous reply, “Yes, Virginia, there is a Santa Claus,” has become part of popular Christmas folklore, according to a press release.

Luncheon vendors included handcrafted jewelry, home goods, food, and more.

A percentage of proceeds are donated to the fund.

“We invest the other half into an endowment so that the Yes Virginia fund will have money to distribute these grants every year forever,” explained DeVoll.

The Foundation has $75 million in assets comprised of 315 charitable funds.  About 75% of this is endowed.  The Yes Virginia Endowment (one of the 315 funds) has reached $350,000.

“Many of those assets are invested as endowment funds that generate annual money for nonprofits in our community,” said DeVoll.

 

Here are 2017 Grantees:

Boys & Girls Club of Pasadena
ChapCare
Door of Hope
Elizabeth House
Flintridge Center
Friends Outside in LA County
Harambee Ministries
Impact House
Pasadena Altadena Community Endowment Fund – LINKS Mentoring
Mother’s Club Family Learning Center
Professional Child Development Associates
Treasure Little Children

For more information, visit www.pasadenacf.org.